Tennessee Valley Authority PARRS A 2029 (TVE) to Distribute Quarterly Dividend of $0.14 on August 3rd

Tennessee Valley Authority PARRS A 2029 (NYSE:TVE) declared a quarterly dividend on Friday, January 1st. Shareholders of record on Friday, July 31st will be paid a dividend of 0.1385 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Friday, July 31st.

Tennessee Valley Authority PARRS A 2029 Trading Up 0.1%

TVE stock opened at $23.57 on Wednesday. Tennessee Valley Authority PARRS A 2029 has a twelve month low of $23.11 and a twelve month high of $24.73. The business’s fifty day simple moving average is $23.54 and its two-hundred day simple moving average is $23.98.

Tennessee Valley Authority PARRS A 2029 Company Profile

Tennessee Valley Authority (TVA) PARRS A 2029 (NYSE:TVE) refers to a series of Power System Revenue Bonds issued by the Tennessee Valley Authority, a federally owned corporation established in 1933. As one of the largest public utilities in the United States, TVA operates under a self-financing model that relies on revenues generated from electricity sales rather than tax dollars. The PARRS A 2029 bonds form part of TVA’s long-term debt portfolio, with proceeds earmarked for capital improvements, system modernization and the expansion of generation and transmission capacity.

TVA’s core business encompasses the generation, transmission and sale of electricity across a seven-state service territory that includes most of Tennessee and parts of Alabama, Mississippi, Kentucky, Georgia, North Carolina and Virginia.